The Vanguard Group, Inc. has recently announced that it has increased stake in Marsh & McLennan Cos., Inc. (NYSE:MMC) by 0.07%. After grabbing 41.55 million shares, the institutional investor is now in possession of 30273.0 shares of the Financial Company. The new investment brought the stake of investor firm to 8.43% having worth around $7.87 billion. Moreover, Capital Research & Management Co increased its share by 12205.0 to have a control over 17.21 million shares. And Wellington Management Co. LLP raised its holdings to 10401.0 shares by acquiring 14.64 million shares or 2.97% of the stake.
Marsh & McLennan Cos., Inc. (MMC) concluded trading on Thursday at a closing price of $191.09, with 3.39 million shares of worth about $647.69 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -0.47% during that period and on Thursday, January 25 the price saw a loss of about -3.83%. Currently the company’s common shares owned by public are about 493.07M shares, out of which, 492.48M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 64 times over the past 12 months. They bought 297,305 shares in 32 of the transactions. In 32 selling transactions, insiders dumped 276,699 shares.
Washington Mutual Investors Fund, Vanguard Total Stock Market ETF, and Vanguard 500 Index Fund are the top 3 mutual funds which are holding stakes in Marsh & McLennan Cos., Inc. Washington Mutual Investors Fund is currently holding 21.13 million shares of worth totaling $4.0 billion. The company recently came buying 0.0 shares which brought its stake up to 4.29% of the company’s outstanding shares. Vanguard Total Stock Market ETF sold 13097.0 shares, after which its hold over company’s outstanding shares shrunk to 3.14%, leaving 15.46 million shares with the mutual fund that have a worth of about $2.93 billion. Vanguard 500 Index Fund, after buying 12.04 million shares, have now control over 2.44% of the stake in the company. It holds 1442.0 shares of worth $2.28 billion.
However, the stock later moved at a day high price of 192.38, or with a loss of -3.83%. Stock saw a price change of -3.72% in past 5 days and over the past one month there was a price change of 1.70%. Year-to-date (YTD), MMC shares are showing a performance of 0.86% which increased to 10.14% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $151.86 but also hit the highest price of $202.81 during that period. The average intraday trading volume for Marsh & McLennan Cos., Inc. shares is 1.65 million. The stock is currently trading -1.19% below its 20-day simple moving average (SMA20), while that difference is down -1.96% for SMA50 and it goes to 1.40% higher than SMA200.
The Vanguard Group, Inc. acquired 41.55 million shares of Marsh & McLennan Cos., Inc. having value of about $7.87 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 30273.0 shares in the company valued at close to $5784867.57, or have control over 0.07% stake in the company. Marsh & McLennan Cos., Inc. (NYSE: MMC) currently have 493.07M outstanding shares and institutions hold larger chunk of about 89.12% of that. Holding of mutual funds in the company is about 34.63% while other institutional holders and individual stake holders have control over 55.15% and 1.38% of the stake respectively.
The stock has a current market capitalization of $94.22B and its 3Y-monthly beta is at 0.90. PE ratio of stock for trailing 12 months is 25.39, while it has posted earnings per share of $7.53 in the same period. Its PEG reads 2.79 while making debt-to-equity ratio of 1.25. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MMC, volatility over the week remained 1.13% while standing at 1.18% over the month.
Analysts are in expectations that Marsh & McLennan Cos., Inc. (MMC) stock would likely to be making an EPS of $1.63 in the current quarter, while forecast for next quarter EPS is $2.81 and it is $8.67 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.51 which is $1.7 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.47 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 8.19% while it is estimated to increase by 9.53% in next year. EPS is likely to shrink at an annualized rate of 9.10% for next 5-years, compared to annual growth of 18.45% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by TD Cowen on January 10, 2024 offering a Market perform rating for the stock and assigned a target price of $189 to it.
